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East West Petroleum Corp ( CVE:EW ) corrected after a big run last week after the spike up failed to pass above the 200 day MA. The move still left the stock at a much higher pricing, allowing either for further fall or calling for consolidation.
EW had gapped up and rose 30% on Friday and lost merely 7.5% this Monday. The trading volume was down in comparison, suggesting traders would rather see the stock price flying than diving. It still reached nearly 1.4 million shares traded and was...read more

Do you plan to invest in Eaglewood? If you do, now is probably not the right time. This week, the shares of Eaglewood Energy Inc. ( CVE:EWD ), (PINK:EWDYF) started to fall on the TSX Venture Exchange (CVE). They are doing it on rising volumes and on no major company developments. Actually, EWD has a very interesting performance this month. The stock has been bouncing up and down. From a 52-week low of $0.47 on Feb. 3, to a 3-month high of $0.90 only several days later. During the last...read more